Yahoo to purchase Facebook?

Posted on Saturday, Sep 23 2006 @ 01:04 CEST by Thomas De Maesschalck
According to WSJ, Yahoo is in the final stages of negotiations to acquire the social network directory Facebook.
According to the newspaper, Facebook had similar talks about a possible sale of the company to Microsoft and Viacom. The volume of the acquisition is unclear, but could reach up to $1 billion, the WSJ wrote.

Facebook was founded in February of 2004 and has accumulated more the nine million users and is among the ten most visited websites on the Internet. The company reportedly approaches $100 million in annual revenues.
More info at TG Daily.


About the Author

Thomas De Maesschalck

Thomas has been messing with computer since early childhood and firmly believes the Internet is the best thing since sliced bread. Enjoys playing with new tech, is fascinated by science, and passionate about financial markets. When not behind a computer, he can be found with running shoes on or lifting heavy weights in the weight room.



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